Latest News

Latest news on accounting, financial reporting, business trends, auditing,
tax deductions, tax strategies, the IRS, financial planning, technology, and more.

Comments Box SVG iconsUsed for the like, share, comment, and reaction icons

Don't be in the habit of winging it with your business's financials.

You need a solid system for tracking your business's transactions. Here's 5 reasons why:
1. Catch financial mistakes (bank errors, invoicing mistakes, recurring subscriptions you no longer use)
2. Get a clear picture of where money is going (helps with budgeting, cashflow tracking)
3. Gain insight into how the business is growing and improving over time
4. Help with getting a business loan
5. Increase tax deduction possibilities

If you're not taking care of it yourself, hire someone who can (ahem). It will be money wisely spent.
... See MoreSee Less

Dont be in the habit of winging it with your businesss financials.

You need a solid system for tracking your businesss transactions. Heres 5 reasons why:
1. Catch financial mistakes (bank errors, invoicing mistakes, recurring subscriptions you no longer use)
2. Get a clear picture of where money is going (helps with budgeting, cashflow tracking)
3. Gain insight into how the business is growing and improving over time
4. Help with getting a business loan
5. Increase tax deduction possibilities

If youre not taking care of it yourself, hire someone who can (ahem). It will be money wisely spent.

The clock is ticking on filing your 2023 taxes (or filing an extension with the IRS).

Time to clear some room in your schedule...
... See MoreSee Less

The clock is ticking on filing your 2023 taxes (or filing an extension with the IRS).

Time to clear some room in your schedule...

The APRIL 15 filing deadline is fast approaching.

Really, it’ll be here before you know it.

So, if you still haven’t made moves to take care of yours, what are you waiting for?
... See MoreSee Less

The APRIL 15 filing deadline is fast approaching.

Really, it’ll be here before you know it.

So, if you still haven’t made moves to take care of yours, what are you waiting for?

When you're getting ready to file your taxes with us, one crucial piece of information you shouldn't overlook is your retirement account contributions.

Why, you ask?

Because tucked away in the tax code is a gem called the "Saver's Credit."
And yes, we're talking about a credit, not just a deduction. This means it’s possible to get money back from the IRS, even if you don’t owe any taxes.

The Saver's Credit is designed to encourage individuals and families, particularly those with low to moderate incomes, to save for retirement. Depending on your income and filing status, you could qualify for this credit, making saving for the future a bit more rewarding.

Just make sure you contribute to your retirement account by April 15 for it to count towards the previous tax year.
... See MoreSee Less

There may come a time when you need a power of attorney to handle your tax matters for you. And the person you choose isn't necessarily the person closest to you.

What you’re looking for is your BEST POTENTIAL ADVOCATE.

Consider:
1. Do they know tax law (or can they learn it)?
2. Can they be assertive and make themselves clear with authorities like the IRS?
3. Will they force their opinions on you, or do what you want after discussing the matter?

And also...
4. DO YOU TRUST THEM?
... See MoreSee Less

Did you know companies excelling at performance management grow revenue 13% faster?

KPIs are your roadmap to success. They help you track progress, identify areas for improvement, and achieve your goals.

Here are the top three easy-to-track KPIs that can offer you a snapshot of your business health and momentum:

1. Revenue Growth:
KPIs related to revenue growth are essential for understanding the overall trajectory of your business. They should answer the question "Are you making more money than you were before?"

2. Conversion Rate:
Think of this as your reality check. It tells you what percentage of visitors (to your website, store, or through a campaign) are turning into paying customers. It's a critical measure of how effectively you're turning potential into profit. High conversion rates mean your marketing and sales strategies are on point.

3. Customer Satisfaction:
While this might seem a bit fluffy next to hard numbers, don't be fooled. Happy customers are repeat customers. Using a simple survey to gauge satisfaction or tracking repeat purchases can give you insights into how well you're meeting customer needs.
... See MoreSee Less

Did you know companies excelling at performance management grow revenue 13% faster? 

KPIs are your roadmap to success. They help you track progress, identify areas for improvement, and achieve your goals.

Here are the top three easy-to-track KPIs that can offer you a snapshot of your business health and momentum:

1. Revenue Growth:
KPIs related to revenue growth are essential for understanding the overall trajectory of your business. They should answer the question Are you making more money than you were before?

2. Conversion Rate:
Think of this as your reality check. It tells you what percentage of visitors (to your website, store, or through a campaign) are turning into paying customers. Its a critical measure of how effectively youre turning potential into profit. High conversion rates mean your marketing and sales strategies are on point.

3. Customer Satisfaction:
While this might seem a bit fluffy next to hard numbers, dont be fooled. Happy customers are repeat customers. Using a simple survey to gauge satisfaction or tracking repeat purchases can give you insights into how well youre meeting customer needs.
Load more